Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
EU Carbon Permits Drop After Output Unexpectedly Falls
www.bloomberg.com/news/2012-04-02/eu-carbon-permits-drop-aft...

Carbon permits plunged to a record after European Union data showed emissions from factories and power stations in the region fell more than expected last year amid milder-than-normal weather. Emissions decreased 2.4 percent to 1.7 billion metric tons in 2011 from 1.75 billion tons for the same installations in 2010....

EU carbon for December dropped 11 percent to close at 6.34 euros ($8.45) a ton, the biggest loss since April 28, 2006 on the ICE Futures Europe exchange in London. The previous low was 6.38 euros on Jan. 4. Power-industry emissions dropped to 2009 levels, said Matteo Mazzoni, an analyst for NE Nomisma Energia Srl in Bologna, Italy. “That is the elephant in the room,” he said today by e- mail.

“And then, of course, you have stagnating industrial production.”

DB2
Print the post Back To Top
No. of Recommendations: 2
A warm winter and a move towards more efficient power production were the two factors highlighted in the story to explain the substantial drop in CO2 emissions in Europe. This was offset by reduced nuclear and hydro output.

Quote:
"
Emissions from EU power utilities dropped by a record 2.9 percent last year, even as Germany shut nuclear power stations, according to the data.
Power emissions decreased by 32 million tons to 1.1 billion tons as utilities used more-efficient plants, Cowie said.
“With power demand down 4 percent from 2010 to 2011, the emissions intensity of power rose slightly overall, but this was mostly as a result of a drop in nuclear and hydro power production,” he said. Emissions intensity is a measure of the carbon-dioxide produced for each unit of electricity.
For fossil-fuel power generation in isolation, “the emissions intensity actually dropped by 0.74 percent, as more efficient coal-and-gas power stations replaced the output from older plants,” Cowie said.

German power emissions dropped 1.9 percent, according to the data. In March last year, the nation shut its nuclear plants after a tsunami measuring more than 15 meters (49 feet) high overwhelmed a facility at Fukushima, Japan, causing a meltdown there.
"
Print the post Back To Top
No. of Recommendations: 0
http://www.bloomberg.com/news/2012-04-02/eu-carbon-permits-d...

German power emissions dropped 1.9 percent, according to the data.

-------------------------------------------------------

It was either down slightly, or up slightly. My source says up slightly.

http://www.world-nuclear-news.org/EE_Germany_escapes_emissio...

However, emissions from the electricity sector increased by 2-6% during 2011, the agency said, while Germany's energy situation was supported by a mild winter that reduced demand for heating by around 9% with significant drops in demand for gas and heating oil for this purpose.
---------------------------------------------------

I searched the English language press releases at the Federal Environment Agency website, but didn't see anything specifically referring to electricity use for 2011.

I'm guessing the mild winter was the biggest factor in there not being much change.

- Pete
Print the post Back To Top
No. of Recommendations: 1
Carbon permits plunged to a record....

The EU carbon market continues to set new record lows, now just above 5 euros.

EU carbon plummets 10 pct on German sale cancellation
www.pointcarbon.com/news/1.2144827
European carbon prices plunged by as much as 10 percent on Friday after energy bourse EEX cancelled a German auction for 4 million EU Allowances, citing a lack of demand.

DB2
Print the post Back To Top
No. of Recommendations: 0
Misguided economic austerity reduces CO2 emissions faster than any greenhouse gas policy yet implemented.
Print the post Back To Top
No. of Recommendations: 3
The EU carbon market continues to set new record lows, now just above 5 euros.

That was then (last week). This is now:

CO2 prices in freefall as traders despair over EU vote
www.pointcarbon.com/news/reutersnews/1.2151825
European carbon prices went into freefall on Thursday, dropping 40 percent at one point to a record low 2.81 euros, after members of the EU Parliament’s industry committee voted against a plan to rescue the ailing market.

DB2
Print the post Back To Top